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Unity painted a dragonfly Doji with a strong bounce from the Point of Control (POC) + Fib support area. Although the volume was not particularly strong, it could be the start of a reversal.
The pending golden cross could provide a boost to the bullish momentum, and the channel breakout above $35 could see further gains in the share price.
There is also a potential Inverse Head and Shoulders pattern that could come into play when the price breaks above $42.
Upside targets:
$36
$39
$42
$57 (long term)
Downside risk:
$30 to $29
The pending golden cross could provide a boost to the bullish momentum, and the channel breakout above $35 could see further gains in the share price.
There is also a potential Inverse Head and Shoulders pattern that could come into play when the price breaks above $42.
Upside targets:
$36
$39
$42
$57 (long term)
Downside risk:
$30 to $29